Looking to balance out your exposure to AMLX? The ETFs below have the lowest correlation with AMLX — they tend to move on their own, which can help reduce risk when AMLX drops. The stock ideas table highlights individual companies that behave independently from AMLX.
Best Diversifiers for AMLX
4 ETFs have low correlation with AMLX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, roughly unchanged from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.07 | — | 100 | Ultrashort Bond | AMLX vs SGOV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.07 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | AMLX vs GBIL | |
| iShares 0-5 Year TIPS Bond ETF | 0.09 | 0.07 | — | 85 | Inflation-Protected Bonds | AMLX vs STIP | |
| Invesco S&P 500 Momentum ETF | 0.29 | 0.22 | — | 68 | Momentum, S&P 500 | AMLX vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMLX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMLX and solid risk/return profiles. The least correlated is Centene Corporation (CNC) (Healthcare) with a 1Y correlation of 0.06, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Centene Corporation | 0.06 | 0.09 | 0.13 | 52 | Healthcare | |
| NVIDIA Corporation | 0.10 | 0.09 | 0.16 | 72 | Technology | |
| FedEx Corporation | 0.13 | 0.19 | 0.20 | 97 | Industrials | |
| BrightSpring Health Services, Inc | 0.13 | — | — | 98 | Healthcare | |
| Novartis AG | 0.16 | 0.17 | 0.18 | 81 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMLX
Add AMLX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMLX